Sumitomo Mitsui Trust Group Inc. Sells 19,565 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Sumitomo Mitsui Trust Group Inc. reduced its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 3.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 551,022 shares of the company's stock after selling 19,565 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.20% of Royal Caribbean Cruises worth $97,729,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. D1 Capital Partners L.P. raised its position in Royal Caribbean Cruises by 105.7% during the second quarter. D1 Capital Partners L.P. now owns 1,512,103 shares of the company's stock valued at $241,075,000 after purchasing an additional 777,103 shares in the last quarter. International Assets Investment Management LLC increased its position in Royal Caribbean Cruises by 10,599.0% in the 3rd quarter. International Assets Investment Management LLC now owns 409,879 shares of the company's stock valued at $72,696,000 after acquiring an additional 406,048 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Royal Caribbean Cruises by 24.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,048,501 shares of the company's stock valued at $326,616,000 after acquiring an additional 400,565 shares during the last quarter. Capital International Investors lifted its holdings in shares of Royal Caribbean Cruises by 1.0% during the first quarter. Capital International Investors now owns 29,596,455 shares of the company's stock worth $4,114,203,000 after purchasing an additional 286,868 shares during the period. Finally, Forest Avenue Capital Management LP acquired a new stake in Royal Caribbean Cruises in the second quarter valued at $35,038,000. Institutional investors own 87.53% of the company's stock.

Royal Caribbean Cruises Stock Performance

RCL traded down $1.16 on Thursday, hitting $233.09. The company's stock had a trading volume of 601,350 shares, compared to its average volume of 2,376,325. The company's 50 day simple moving average is $190.67 and its 200-day simple moving average is $166.84. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 2.63. Royal Caribbean Cruises Ltd. has a 12 month low of $101.00 and a 12 month high of $238.10. The firm has a market cap of $62.67 billion, a P/E ratio of 24.08, a price-to-earnings-growth ratio of 0.63 and a beta of 2.59.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The company reported $5.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.05 by $0.15. The company had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.89 billion. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The firm's revenue for the quarter was up 17.5% compared to the same quarter last year. During the same period in the previous year, the company posted $3.85 EPS. Analysts forecast that Royal Caribbean Cruises Ltd. will post 11.64 EPS for the current year.

Insider Activity at Royal Caribbean Cruises

In related news, CAO Henry L. Pujol sold 6,723 shares of Royal Caribbean Cruises stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $208.51, for a total transaction of $1,401,812.73. Following the completion of the sale, the chief accounting officer now owns 9,964 shares of the company's stock, valued at approximately $2,077,593.64. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Laura H. Bethge sold 3,073 shares of the firm's stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $168.71, for a total transaction of $518,445.83. Following the sale, the insider now owns 27,388 shares in the company, valued at approximately $4,620,629.48. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Henry L. Pujol sold 6,723 shares of Royal Caribbean Cruises stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $208.51, for a total transaction of $1,401,812.73. Following the sale, the chief accounting officer now directly owns 9,964 shares of the company's stock, valued at $2,077,593.64. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,796 shares of company stock valued at $7,170,759. Corporate insiders own 7.95% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on RCL. UBS Group upped their price target on Royal Caribbean Cruises from $168.00 to $183.00 and gave the company a "buy" rating in a research report on Wednesday, July 31st. Macquarie boosted their price objective on Royal Caribbean Cruises from $189.00 to $250.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Wells Fargo & Company boosted their price target on Royal Caribbean Cruises from $180.00 to $232.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th. The Goldman Sachs Group raised their price objective on shares of Royal Caribbean Cruises from $220.00 to $245.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Finally, Mizuho increased their target price on shares of Royal Caribbean Cruises from $168.00 to $195.00 and gave the stock an "outperform" rating in a research note on Friday, July 26th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $220.00.

Royal Caribbean Cruises Company Profile

Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Silversea Cruises brands, which comprise a range of itineraries. As of February 21, 2024, it operated 65 ships. Royal Caribbean Cruises Ltd.